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Dollar price dearer despite record remittance inflows
Despite record remittance inflows, the price of the US dollar remains high. The value of the dollar is still over the top in the kerb market. The price has risen further over the past week. In some places in the kerb market, the exchange rate stands at Tk 129 per dollar. Although remittance...
Stock market trading closed today
In observance of the bank holiday, the countrys two main stock exchanges, DSE and CSE, will remain on Tuesday (Dec 31). Stock market transactions are settled through banks, and when the banks are closed, no trading takes place on the countrys two stock exchanges, DSE and CSE. Although there...
6 key drivers behind dollar price volatility in Bangladesh
Bangladeshs foreign exchange market faces significant volatility, driven by six critical factors identified by Bangladesh Bank. Spokesperson and Executive Director Husne Ara Shikha outlined these challenges on Monday, highlighting the year-end surge in dollar demand due to December loan repayment...
Interim govt increases reserves, activates banking sector: Jamaat Ameer
Jamaat-e-Islami Ameer Dr. Shafiqur Rahman has acknowledged improvements in Bangladeshs foreign exchange reserves and the gradual activation of the banking sector under the current interim government. However, he urged the government to play a more active role in revitalizing the economy, stating...
DSE index gains 30.88 points as 211 stocks rise in early trading
The Dhaka Stock Exchange (DSE), the countrys primary capital market, started the week on a positive note, with its benchmark index rising 30.88 points within the first hour of trading on Sunday, reports UNB. Trading data showed that 1.98 crore shares and units were exchanged in 20,417...
Tarique Rahman to exchange views with differently abled citizens
BNPs Acting Chairman Tarique Rahman will join a views-exchange meeting with differently abled citizens virtually from London tomorrow (Saturday). The event will be held at 2:30pm at LGRD auditorium, Agargaon, said a BNP press release. BNP Secretary General Mirza Fakhrul Islam Alamgir will...
DSE index gains 25.24 points in early trade; Tk 97.2 crore turnover in first hour
The Dhaka Stock Exchange (DSE), Bangladeshs premier capital market, began Tuesdays trading session on an optimistic note. The benchmark index, DSEX, rose by 25.24 points to 5,192.22, signaling a strong start to the day. Within the first hour, a total of Tk 97.2 crore worth of shares were traded,...
Japan to monitor China's military activity after Beijing acknowledges airspace violation
Japanese officials announced on Wednesday that they will closely monitor Chinas military activity to ensure Beijing follows through on its commitment to prevent future violations of Japans airspace. This follows Chinas explanation that a Chinese Y-9 reconnaissance aircraft unintentionally entered...
NBR reduces capital gains tax on share sales to boost investment
The National Board of Revenue (NBR) has announced a reduction in the capital gains tax on profits from the sale of shares in listed companies on Bangladeshs stock exchanges, with the goal of making the market more appealing to both domestic and foreign investors. Under the new NBR notification,...
DSE index hits four-month low
The Dhaka Stock Exchange (DSE) benchmark index has reached its lowest level in over four months, with experts attributing the decline to a crisis in investor confidence amidst policy rate hikes and prevailing economic challenges, reports UNB. Last week, the DSE index further extended its...
BB simplifies forex rules
Bangladesh Bank (BB) has simplified foreign exchange rules through three separate circulars, allowing banks to remit different types of payments abroad without its approval. The rules will apply to banks making payments to accounts that handle lease rentals by airlines incorporated in...